FRIENDS OF KEENE MEMORIAL LIBRARY (EIN 470798309) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

DENISE KAY

Phone

4027272694

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF KEENE MEMORIAL LIBRARY, founded in 1996, is a small nonprofit in the Education sector that reported $596K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $987K exceeded revenue, resulting in a 66% operating deficit.

Mission

TO INSPIRE THE COMMUNITY TO FULLY UTILIZE KEENE MEMORIAL LIBRARY FACILITIES AND RESOURCES, PROVIDE SUPPLEMENTAL SUPPORT, AND ENCOURAGE LIFE-LONG LEARNING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $591,841

Program Service Revenue $0

Investment Income $4,015

Other Revenue $0

TOTAL REVENUE $595,856

Expense Breakdown

Grants Paid $860,044

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $987,167

Other Expenses $127,123

TOTAL EXPENSES $987,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,856	$459,885	+0.3%
Expenses	$987,167	$564,196	+0.7%
Net Income	$-391,311	$-104,311	+2.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE KAY	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTINE MORSE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATE MULLEN	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE DURAN	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MOES	DIRECTOR	1.00	Director	$0	$0	$0
AMBER SINDELAR	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$595,856	$987,167	$205,837	$-391,311
2022	$459,885	$564,196	$579,081	$-104,311
2021	$695,625	$130,857	$763,833	$564,768

FRIENDS OF KEENE MEMORIAL LIBRARY